Sound Recognition Market Size ,Industry Status,Growth Opportunities And ForecastPosted by Neha Bora on February 26th, 2020 San Francisco, 26 February 2020: The Report Sound Recognition Market Size, Share & Trends Analysis Report By Application (Automotive, Healthcare & Fitness, Security & Surveillance), By Device (Smartphones, Hearables), And Segment Forecasts, 2019 – 2025 The global sound recognition market size is expected to reach USD 4.42 billion by 2025, exhibiting a CAGR of 75.8% over the forecast period, according to a new report published by Grand View Research, Inc. Sound recognition runs on inexpensive microcontrollers that result in a low bill of materials, thereby providing an economical solution. It is highly flexible since it can detect various sounds and allows users to add their sound event classifiers, thereby providing easy customization of sound event. Thus, high flexibility and low cost are expected to propel the market growth. Sound recognition technology is used for various purposes, such as music recognition and speech recognition among others. Increasing adoption across applications such as for monitoring and surveillance system for automatic alarm detection and rising use in smart safety solutions are the factors expected to drive the market growth. Other factors, such as increasing adoption of advanced technologies including Artificial Intelligence (AI), machine learning, Internet of Things (IoT), and others, are anticipated to further drive the adoption of sound recognition in the forthcoming years. The artificial intelligence-based sound recognition technology is expected to register a high CAGR over the forecast period. This is due to increasing involvement of market vendors in developing sound recognizing products integrated with intelligent technology to provide customers with ease and flexibility. In the application segment, the automotive section is expected to gain moderate traction. This is due to factors such as integration of sound recognition technology in autonomous cars to recognize sounds inside and outside the car and improve safety. Access Research Report of Sound Recognition Market @ https://www.grandviewresearch.com/industry-analysis/sound-recognition-market Further key findings from the report suggest:
Grand View Research has segmented the global sound recognition market based on device, application, and region: Sound Recognition Device Outlook (Revenue, USD Million, 2014 - 2025)
Sound Recognition Application Outlook (Revenue, USD Million, 2014 - 2025)
Sound Recognition Regional Outlook (Revenue, USD Million, 2014 - 2025)
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